4xCube is an online financial services provider that offers a variety of forex and CFD instruments on the MetaTrader platforms. It also offers integration options for professional traders that will let them to trade more efficiently and comfortably.
4xCube Regulation and Security
4xCube, also known as 4XC, is a trading brand of Geomatrix Limited. This is a brokerage company headquartered in the Cook Islands and operates under the regulation of the Financial Supervisory Commission or FSC. 4xCube was established in 2018, making it a young, new, and dynamic broker.
Despite its relatively new presence in the industry, 4xCube has more than two decades of experience on all financial markets. It offers foreign exchange, commodities, cryptocurrencies, and indices on MetaTrader platforms. This broker also provides extra tools for experienced traders, such as PAMM accounts and copy trading services.
As part of its security measures, 4xCube segregates client funds in different accounts. It is also audited by BDO, a professional audit firm. This broker became an official member of the Financial Commission in 2019, which is an insurance agency that guarantees that the broker offers a 20,000 EUR compensation fund for all its clients.
With regards to 4xCube’s reputation, traders and critics alike have varying opinions. While several of its clients say that it is a good broker that offers quality features and secure services, some broker reviewers insist that it has lapses in its services. It has been accused of financial misconduct, and the Australian Securities and Investment Commission (ASIC) has removed it from its list of regulated brokers. This means that 4xCube is not regulated in the jurisdiction of Australia, and that might be unattractive to many traders.
4xCube Platform Services
4xCube offers a variety of trading platforms to choose from. These platforms come with a wide range of technical tools and indicators that are necessary in making profitable trades everyday. Below are some of their specifications.
MetaTrader4
The MT4 is a top option for many traders, as it provides a wide range of tools that support algorithmic trading. Customers have access to hundreds of technical indicators and graphical tools, as well as a number of timeframes that are very beneficial in making accurate analysis of price movements. Investors can create advanced orders with the use of risk management tools, as well as check the full history of their trades. Adding to its convenience, MT4 can be downloaded directly from the website and is compatible with All major PCs.
MetaTrader5
The MT5, the successor to MT4, is a relatively more feature-rich platform that is most suitable for seasoned traders. This platform provides a broader range of indicators and timeframes, while also providing other tools such as an economic calendar, a Depth of Market view, and even a local group chat. Some traders even prefer MT4 to its predecessor because of its broader range of features. Like the MT4, MT5 is also available for free download and is supported by all major PCs.
4xCube Trading Conditions
It is just as important to know about a broker’s trading conditions as its regulatory status and reputation. The trading conditions of a broker can dictate the outcomes of your trades, especially how much a trader gains or loses. It is important to trade with a broker with competitive fees and conditions.
Spreads & Commissions
4xCube offers competitive spreads that begin from as low as 0.7 pips for the EUR/USD currency pair in the Standard account and even as low as 0.2 pips for the said currency pair in the Pro account. Both the Standard and VIP accounts do not charge commissions, while the Pro account charges a reasonable fee of $3 per round-turn. Overall, these conditions make 4xCube a good choice for traders trying to hold their trading fees down.
Leverage
4xCube offers leverages that can go as high as 1:400 for foreign exchange products on all trading account types. Meanwhile, the margin specifications for CFDs follow a standard formula and are presented clearly on the platforms.It is also important to note that traders should take caution when dealing with a margin, since it entails higher risks and can result in substantial losses.
4xCube Conclusion
4XCube is a decent broker that provides competitive spreads on the MT4 and MT5 platforms. It is an attractive option for MetaTrader-only investors because of its attractive features. It is most suitable for seasoned traders, especially those interested in copy trading and VPS integration. This broker also offers a wide variety of technical tools and indicators, a good set of analytics, and even a demo and PAMM accounts. However, there is a downside to trading with 4xCube. Traders should be informed that the FSC Cook Islands license, which is the regulatory status that 4xCube operates with, is limited to forex items only.